• TalkBass has been independent since 1998. Add your voice.
    Create a free account to reply to discussions, view embedded media, and browse with fewer display ads.
    Join freeLog in
    Want zero display ads or expanded classifieds tools? Compare plans.

Another Overpriced Pre-CBS Jazz

I went to the very first Dallas Guitar Show in the late 70's.

A guy was selling a Flying V, supposedly from that first run in the late 50's. It looked like it had been chained to a pier in Galveston Bay getting soaked in salt water for 4 or 5 years. He was asking 5 grand for it, which was quite a pile of $$$ back then.

That broke me of the vint market ever since.

From an investment point of view, that would have been a killer deal present / future value of a dollar or not.
I got into buying and selling in the early 80's.
Old doesn't always mean good.
I had a real 58' burst that was just not a great guitar; thank God the collectors market doesn't care about playability much of the time.

There was a fake very early V with the inlay lumber in the crotch that was bought by a VERY knowledgeable vintage dealer in the 80's.
It was the correct year neck, pups, wiring, etc. with a fake Korina body built by a custom builder.
It was the lack of case, and the smell of the pickup cavity that made a few experts uneasy.
The buyer did get paid back under threat to the builder; supposedly it was taken apart and scrapped as vintage parts.
I think he paid about $25K which would have been probably a fair price for the day had it not been a forgery.
 
  • Like
Reactions: LiquidMidnight
Yeah but wouldn't it be nice to actually be able as an average player to buy one if you wanted to? The whole vintage market has become so inflated that it's borderline insanity.

They used to be cheap!
70's basses for $175 - 400 through the 80's.

You inspired me last night!
Had a gig and instead of bringing one of 3, 70's P basses (or my 60' which I usually don't), I brought a 2019 MIM P.
The thing sounded awesome; sat in mix in a great and different way.

It's not the tool but the player that makes the difference.
I'd much rather have a great amp and OK bass than the other way around.
 
  • Like
Reactions: MobileHolmes
It's not the tool but the player that makes the difference.
I'd much rather have a great amp and OK bass than the other way around.
Me too. But it doesn't bother me in the least that 70's basses are going for so much these days...until I look at pictures of my 76 Precision from the old days and realize how much I could get for it had I never modded it or wore the finish off it in 5 years.
 
  • Like
Reactions: LiquidMidnight
They used to be cheap!
70's basses for $175 - 400 through the 80's.
My dad bought me my first bass in 1990. Picked out an early 80s Japanese P copy (which turns out to be a rebranded Aria, upon further research) over a mid 70s Blocked and bound fender J. After my birthday, we went back to the store and offered to swap it for the fender, which was MAYBE 50 bucks more (I think it was 225), but after he and I dinked around on it, we decided we liked the MIJ P better. Thing is, the P is probably worth about what he paid for it, inflation adjusted, whereas that J is probably a 2500 buck instrument now. So it goes
 
  • Like
Reactions: JimmyM
Me too. But it doesn't bother me in the least that 70's basses are going for so much these days...until I look at pictures of my 76 Precision from the old days and realize how much I could get for it had I never modded it or wore the finish off it in 5 years.

I bought a new 73' P in natural finish and it was something like $235 out the door including the hard shell case.
According to this inflation calculator, that money is worth $1,361 today.
$235 in 1973 → 2019 | Inflation Calculator

A new Precision American Performer is $1,200 and American Pro is $1,500 shipped to my house.

When you think about it, they haven't really gone up in price at all.
Understood that the collector market is an entirely different situation!
 
Almost $28k for a '61 Jazz that "may have been refinished"?! Also note the pitting in the chrome particularly on the control plate. Typically these held up better than this over the years. Would be nice to see the date on the neck and control pots for better authenticity.

Fender Jazz Bass 1961 #62006
Its got a crack in the headstock by the e tuner where it is supposed to be.
 
That bass is gorgeous!

I'll stick up for it (a little). Stack knobs are relatively rare, which drives up the prices. As for the refinish component, fender did in house refins during that era, which is most likely what they are hedging against. I'm not an expert, but from what I've seen, a fender done refin in 1965 or something wouldn't hurt the value like a more recent, or poorly done one would.

As for value, older Fenders are priced as collectibles now. That's just the market. And that adds a large premium to the price beyond the intrinsic value of the instrument. Single greatest bass I ever played was a pre CBS J that had been refinished, but plenty of them are nothing special. For the most part though, these are not really aimed at players any more, unfortunately, so the pricing is more about scarcity than anything

Factory refins can be a gold mine. If you find you've got lake placid blue over sunburst, or black over sherwood green, your laughing all the way to the bank. Fender didn't really refin, just overspray.
 
  • Like
Reactions: MobileHolmes
After having met Geddy Lee, bought his book, and started reading through/perusing it, it's indeed more the history/track record that drives the price to what sellers want, and not the build quality. Many of these basses have that broken-in feel...not relic'd, but the real deal, that artificial aging just can't compare to. An instrument that has consistently proven itself in spades over decades and decades can speak for itself. But, not for me, even if I can respect the lineage.

20191208_180834.jpg
 
Where are you seeing the crack in the headstock? Mine had a really noticeable one when I first got it, not seeing it on this bass in question.

You can see the crack on the front only, right off the E tuner. Same place as on my '61 Jazz, but my crack was more severe and was visible on the back, too. Not uncommon on Jazzes from the first couple years of production.
 

Latest posts